We just completed the inspection on a home that a client has under contract. Most of the items on the inspection are related to old systems that will need to be replaced eventually, or outdated items since this is an...
Looking for some advice. I'd love to get into REI, however I feel like my high interest debt is weighing me down. I'm continuing to pay it off as much as possible but feeling stuck. Considering the COVID situation, lo...
I have a question I need some help with from the more experienced Brokers, Mortgage Bankers and Real Estate Professionals in the forum.
I have a client that is considering purchasing non performing notes from some of...
Good news, bad news...homes are moving fast, which makes the market tighter for wholesalers. When you find those 'diamonds in the rough', you have to buy them quicklybefore they are snatched up by another investor!NAR...
Hi BP family,I am a brand new member of the BP platform. Accidentally stumbling upon BP is the greatest find of 2020 for me! I would appreciate your views on how one can start and scale their portfolio given the foll...
Hello all, I'm looking at multi-family in Huntsville and having a hard time underwriting the property taxes. The appraised values are much lower than our purchase price. If appraised value is adjusted to purchase p...
Okay! Sorry for the long post, but please bear with me. I'm trying to provide as much relevant info as possible.So, over the last 3 years I purchased one Single Family at $30k (current debt $24k) now netting $11.5k in...
Asking price $1.425K 24 x $3587 x $3901 x $4583 x $358 empty No park owned unitsCurrent cap 6.21%asking price seems a little high to me. there are more expense numbers in the packet that I am questioning and will need...
Hello Everyone,I'm looking to cash-out refi a single family home that is worth about $100K that I have owned since November. I did the rehab, have a tenant, and would like to get some cash back to do it again. Who i...
I'm not sure if I'm understanding why people refinance in the brrrr strategy. It seems to me that if I refinance I'll get cash but I'll lose my cashflow. Say my mortgage is 1000 I rent it for 1500 I'm cash flowing 500...